Sensex ends 61 points lower, Nifty holds 10,400; TCS falls 5%

Shares of Tata Consultancy Services (TCS) fell by 5.22 per cent to Rs 2,892.45 as its promoter Tata Sons reportedly sold stocks worth Rs 8,200 crore in the IT major.

Bombay Stock Exchange&nbsp | &nbspPhoto Credit:&nbspIndiatimes

Mumbai: The benchmark BSE Sensex gave up its early gains to close lower by 61.16 points at 33,856.78 on Tuesday mainly due to profit booking in the last hour of the trade after recent gains. The broader NSE Nifty managed to end higher for the second day at 10,426.85, up by 5.45 points or 0.05 per cent after shuttling between 10,478.60 and 10,377.85, intra-day.

Shares of Tata Consultancy Services (TCS) fell by 5.22 per cent to Rs 2,892.45 as its promoter Tata Sons reportedly sold stocks worth Rs 8,200 crore in the IT major.

Retail inflation surprisingly slowed for the second consecutive month to 4.4 per cent in February from 5.1 per cent in January and 5.2 per cent in December. Meanwhile, Factory output grew at a robust pace for the third straight month, at 7.5 per cent in January.

Overseas, most Asian stocks ended mixed and European equities opened sightly up as investors awaited release of the US inflation data later in the day for clues on the pace of US Fed rate hike, brokers said.